Stephann
Posts: 4214
Joined: 12/27/2006 From: Portland, OR Status: offline
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quote:
ORIGINAL: GoddessMine Eeek about taxes. But ok! I feel a bit more clarified now, so thank you to everyone who responded with great advice! I'll be checking out YNOT, and I'll definitely NOT buy legal forms online, especially when I *am* exempt from USC 18 - afterall, there is no nudity, I'm the only model, I'm over 18, and there are no depictions of sexual acts</reassuring self>. I suppose the last thing to do is include an "I Agree, I Disagree" with My application form. Love, GM I don't (and prefer not to) know what or how much you're receiving through your site. I would suggest that if it amounts to more than a thousand dollars a year, you should look into setting up a corporation, and get a very good accountant. Close to all of the money you spend can be tax deductible for your business; your rent (it's where your business is), your car payments, gas, and insurance (necessary for acquiring business materials and performing business activities), your food (employees need to eat, and you're the number one employee), office supplies and needs (your computer, internet hosting bills, your internet connection, your gas, water, and electric bills) your clothing (modeling gear), your digital camera, batteries, the list goes on and on. Of course, you may need to shovel out some of this on an accountant, but that's money that isn't going to Uncle Sam. You'll get screwed on SSI either way, but income taxes should never eat into your profits. Stephan
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